SMS services fuel a number of business initiatives, including mobile payments

Mobile technology is changing the way we do business. Virtually every task and every interaction can be done on a mobile device. More and more software providers are releasing new applications to improve communication and daily operations, but the core of mobile interactivity starts and ends with SMS.

As previously reported in this blog, the SMS application is still the most popular app on any smartphone, despite the fact that Google, Apple and Microsoft are releasing new products in droves. Many businesses prefer text messaging and SMS services to communicate and collaborate because of its simplicity. And while a simple text about a memo or an upcoming meeting can be helpful, work-related texting can accomplish much more.

Frost & Sullivan recently released its 2013 enterprise mobile outlook and lists the number of ways companies will be using smartphones and tablets to conduct business going forward. Mobile payments is a rapidly-evolving feature and while many new technologies such as near field communication are growing in prevalence, SMS is still fueling the mobile payment trend.

"With the prevalence of smartphone uptake in Asia, mobile payment is poised to takeoff and the transactions will increase to more than $171.5 billion in 2012," says an S&P press release. "The volume of transaction is expected to hit $878 billion in 2017. NFC-based payment will account for 21 percent of the mobile payment transaction value or an estimated $180 million in 2017. SMS-based transaction will continue to be the dominant payment mode till 2015."

Sending payments via the SMS application allows businesses to pay for products and services via their mobile devices in a quick, easy and efficient manner. Implementing the right tools can make this process seamless. Swift SMS Gateway offers the tools companies need to orchestrate text message payments, among other business-specific tasks.